Today, Chinese-based stocks were gapping up, and I had one of my best trading days in 2022 on XPEV, as the Chinese electric vehicle maker soared. The recap is full of educational material, with a focus on trading based on Nasdaq Level 2 signals. I hope you enjoy it, even though the quality is a bit low as I am traveling and using my traveling laptop. Here’s a link to today’s recap.
More rate hikes are on the way this year, with the US central bank expected to make a 0.5% increase in December. Previously, many prominent individuals were opposed to aggressive rate hikes, including Senator Elizabeth Warren of Massachusetts, one of the more left wing politicians in Congress. Now, Elon Musk has joined the fray, and started using Twitter to demand lower interest rates and to criticize the Fed regarding their aggressive rate hike strategy. Later today, Federal Reserve Chair Jerome Powell will be making some remarks. St. Louis Fed President James Bullard is still repeating his call for additional rate hikes to a level that will restrict economic growth. Bullard has stated that estimates show a rate of at least 4.9% is needed. Fed officials have signaled that they plan to raise their benchmark rate by 50 basis points at their final meeting of the year on December 13 and 14, after four successive 75 basis-point hikes have lifted it to a 3.75% to 4% target range.
Today, for Wednesday Psychology, please join trading psychologist Rande Howell at 8pm ET for a presentation titled: Staying Disciplined When Taking Losses. Let me ask you: How many times have you taken a rough loss because you were consumed by a fear of losing? In tonight’s webinar, you will learn about the origins of your dislike of losing so that you can interrupt its destructive cost to your trading. You will also learn about how to come to a new understanding regarding both winning and losing. With this new perspective, you will then be able to set your trading free, so that your fear of losing no longer sabotages your trading potential.
I am in Dubai right now and will be in Florence, Italy over the weekend to meet with some Trading Terminal investors. If you are in Northern Italy, let me know, and we can hold a meet up! Please contact me directly via social media or simply reply to this newsletter.
If you are interested in joining Bear Bull Traders while taking advantage of our incredible Cyber Monday sale, this is the last chance to receive a 60% discount on an Elite annual membership. As well, current members can sign up and add 12 more months to their membership plan at this very low price. If you are serious about trading but for whatever reason have not yet joined our community, I encourage you to do so now before our membership prices go up. Click here to sign up.
To your success,